| Bristol Says No to Town Hall Design Money, Secret Ballot
Bristol voters said a resounding "no" after a lengthy discussion, to spending $28,000 to create a schematic design for a new town hall at annual town meeting March 18. The town however, easily passed the article asking the town to accept the gift of the Pemaquid Point Lighthouse Tower at such a time as it is declared excess property and offered to the town by the federal government (the U.S. Coast Guard).
Select board chairman Chad Hanna asked for, and the voters defeated, Article 34 requesting $50,000 to perform a feasibility study for the dredging of Round Pond Harbor. Hanna explained the Army Corps of Engineers was not able to perform the study.
On March 17, the first day of town meeting, the voters of Bristol re-elected selectman Robert Tibbetts with 423 votes; cast 369 votes for Jane Tedrow, the newest member of Parks and Recreation; elected Darin Carlucci to Bristol School Committee with 336 votes; and, George Masters, Jr.
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The week that brought down Wall Street's Bear
Fifth largest US investment bank's chief burns the midnight oil in an attempt to save his group' as 'innuendo' drags it down Reputations are hard won but easily lost. Bear crisis could spark UK recession Comment: A bank saddled with toxic sub-prime debt Bear Stearns seeks investors to keep it afloat .
(AFX UK Focus) 2008-03-18 10:44 GMT: TUI currently not in talks to merge Hapag-Lloyd with Neptune Orient Lines UPDATE
(Adds CFO comments on Hapag Lloyd financing, CEO comments on possible acquisitions in tourism) FRANKFURT (Thomson Financial) - TUI AG is currently not in talks to merge its Hapag-Lloyd container shipping unit with Temasek Holding's Neptune Orient Lines (NOL), chief executive Michael Frenzel said. "There are no talks with NOL," Frenzel said. "But we are open to the company and are waiting to see whether there will be concrete talks." TUI yesterday said its supervisory board has decided to split Hapag-Lloyd from the rest of the company. TUI said it will examine all options for Hapag-Lloyd, including a spin-off, merger or sale to an investor. Media reports previously said NOL is interested in Hapag-Lloyd and may offer as much as 6-7 bln usd for the world's fifth-biggest shipping line.
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